Thomas Murphy - Pine Shores Real Estate



Posted by Thomas Murphy on 2/26/2018

This Condo in Dennis, MA recently sold for $135,000. This style home was sold by Thomas Murphy - Pine Shores Real Estate.


78 Center Street , Dennis, MA 02639

Dennisport

Condo

$134,900
Price
$135,000
Sale Price

4
Total Rooms
2
Beds
1
Baths
This is an estate sale some furniture could be included in sale. First floor unite in rear of complex, well off the street. All one level living with private storage area in basement. Heat and Cable included in Condo fee Close to everything Dennisport has to offer. Hard to find this type of listing






Tags: Real estate   Condo   Dennis   02639  
Categories: Sold Homes  


Posted by Thomas Murphy on 2/25/2018

Youíve made it through the bidding process and youíve finally unpacked the last of your boxes. Itís finally time to show off your new home to your friends, family, and new neighbors! Throwing a party can be intimidating, especially a housewarming party since it's not every day you move to a new house. If you donít know where to start to host your housewarming party keep reading for some tricks and tips below. Send out the invites. In the age of technology sending out e-vites is as easy as a few clicks and saves on postage, however, physical invitations include the opportunity to add a handwritten note to your loved ones and new neighbors. This adds a personalized and thoughtful touch to let them know you look forward to having them attend your party. You may also want to consider allowing guests to bring a friend. Doing so will also help you expand your social circle in your new community and make new acquaintances more comfortable. Including a reply by date will give you the opportunity to know how many guests to expect and allow you to plan accordingly. Clean and stock your home. A tidy home will impress your guests. Ensure that every room is spick and span as your guests will be hoping to see each room in your new home. Make sure your bathroom is well stocked for your guests. Think items like toilet paper, soap, air freshener, and extra towels. Go the extra mile and make your home smell good with lightly scented candles or an oil diffuser. Plan your menu. Skip the sit-down dinner in favor of finger foods. You will also want to keep dietary restrictions in mind when creating your menu, include a few vegetarian, dairy free and/or gluten free options to play safe. Creating a few different table spreads will allow for guests to mix and mingle throughout the house and avoid an overcrowded room. Greet guests. Be sure to greet incoming guests at the door or assign someone to do so for you to create a welcoming atmosphere for your party. Offer to take any coats or bags and make introductions to other guests to encourage a sociable atmosphere. Entertain. Have some simple games on hand to occupy guests like horseshoes or tic-tac-toe. Youíll also want to have a playlist prepared ahead of time to encourage a party atmosphere. If putting together a playlist isnít your thing look into a music service that will automate one for you so that all you need to do is pick the atmosphere you would like for your party. The idea of hosting a party might seem like the last thing you want to do after the stress of buying and moving house however you can throw a party that is just as much fun for you as it is for your guests. By planning a casual housewarming party you can put in minimal planning and focus more time on having fun with your friends, family, and new neighbors.




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Posted by Thomas Murphy on 2/18/2018

Buying a home is one of the biggest and most useful investments that youíll make in your lifetime. One thing you should understand when you're making big improvements to a home or doing any kind of high return renovations is that of the Capital Gains Tax. This tax can take away from the return on your investment, especially under the right circumstances. Even with minimal improvements to a home, if an area has seen an upswing in popularity, you could end up paying the price when you go to sell. 


Taxpayer Relief Act


The Taxpayer Relief Act of 1997 can help many people to hang on to the returns they see from the sale of their home. 


Previously, homeowners could qualify for a one-time tax exemption of up to $125,000 on the sale of a home. They also could combine the earnings in on the purchase of another home. Currently, there are a few ways that you can save on the Capital Gains Tax thanks to the TRA. 


House Flippers And Homeowners Arenít Equal


Not all home sales receive an equal tax treatment. If you are flipping houses, youíre out of luck when it comes to receiving profit-friendly tax breaks. You need to have lived in a home as your primary residence for two out of five years of owning a home in order to qualify for tax breaks. If this isnít the case, youíll end up paying a Capital Gains Tax on the sale of the property. If youíre a professional house flipper, your homes are considered inventory and taxed as income. The tax on this can vary from 15% to 20%, depending upon the tax bracket you fall into.



The Type Of Property Matters When It Comes To Taxes


Whether the property is a primary place of residence, a vacation home, or a rental property, the gains are all taxed differently. If you own a second home that youíre interested in selling, itís not treated the same as a primary residence for tax purposes. Youíll be taxed based on the amount of time that you owned the property, or the amount of time that the property was used as a second home. The taxes are based on a prorated amount of time.


The Price Of The Home Doesnít Matter


You may think that higher priced homes are taxed more heavily than less expensive homes. This would be the case when it comes to property taxes, but it isnít so when weíre talking about Capital Gains Taxes. These taxes are based on how much profit is made from the sale of the home. If a loss was taken, or the homeowner ďbroke even,Ē they may not owe as many taxes. A smaller home that had significant improvements made could be taxed a bit more than a home that was sold at a higher price with fewer upgrades.





Posted by Thomas Murphy on 2/11/2018

Buying a home is a complicated process with a lot of opportunities to make costly mistakes. Thereís no high school class to prepare you for buying a home but there probably should be. If youíre a first time homebuyer and you came across this article looking for advice, congratulations--youíre already doing the most important thing you can when making a big financial decision: the research.

In this article, weíll cover some of the most common mistakes that first time homebuyers make when entering the real estate market. Weíll break it down by the three main phases of home-buying: saving for a home, hunting for a home, and signing a mortgage.

Saving for a home

One of the first lessons that all first time homeowners quickly learn is that being able to afford your monthly mortgage payments doesnít mean you can afford a home. Many first time buyers are often coming from living situations where certain utilities are included (water, heat, electricity, etc.). Aside from those obvious expenses, there are also things like property tax and home insurance to budget for, both of which may increase. Finally, when youíre living in an apartment and your faucet breaks, you simply call the landlord. When you own a home, especially an older home, be prepared to spend on repairs and to start learning basic maintenance skills that will save you money.

The hunt for your first home

Now that youíre aware of the costs, it might be tempting to jump in and start looking at homes. Another common mistake first time homebuyers make is to waste time looking at homes before theyíve met with a real estate agent or have gotten pre-approved for a loan. Start there, then once you know the scope of your home search, youíll have a much more relaxing hunt for your new home.

Another mistake that first time homebuyers make is to underestimate the time and commitment it takes to find a home. When you work with a real estate agent, make sure you are available at all times. Keep your phone nearby, stick to your schedule for viewing homes, and keep a list of each home youíre considering. Showing initiative and dedication wonít just help you stay organized, it will also show your agent and the home seller that you are worth their time.

Mortgage mistakes

One of the most common mistakes that buyers make when it comes to their mortgage is to fail to shop around for a lender. In fact, the Consumer Financial Protection Bureau found that only half of all buyers considered more than one lender for their home.

Buyers, first time and repeat, often think their credit report is set in stone. What they donít realize is that the three main credit Bureaus (Experian, Equifax, and TransUnion) can all make mistakes on your credit. Check your detailed credit reports and fix any errors long before applying for a mortgage to increase your chances of getting a good rate.

If you avoid these common mistakes and continue to do your research along the way, you should be able to save yourself some headaches and some money in the long term.




Categories: Uncategorized  


Posted by Thomas Murphy on 2/4/2018

When you buy a home, you suddenly realize that your wallet and bank account become quickly drained with all of the expenses involved. If you want to save money when you own a home, youíll need to find ways to cut down on your spending. This takes some creativity and some budgeting. The good news is that you donít have to sacrifice everything in order to live in the home you want. There are many ways that you can trim your budget and you probably never even thought of them.  


The Grocery Store


We all need to eat, so you definitely canít eliminate food from your budget! You can get your grocery bill down significantly with some careful planning. 


One of the biggest problems that people have, when they head to the grocery store, is that they simply shop without a plan. Make a list of what you need to buy. There are certain things that just about everyone needs every grocery trip like milk, bread, and eggs. If you go into the store with a list, youíll have a plan that you can stick to. Know what youíre going to cook and what everyone will eat throughout the week. If you bring coupons along on a grocery trip, try not to bring anything that you donít have use for. Youíll overspend if you buy just based on coupons. After you start your new system, you can have a clear budget that will become a habit over the course of time.


Donít Pay For What You Donít Use


Are you paying for things like a landline telephone or cable? Do you actually use these services? Cutting the cords can save you a lot of expenses. Also, youíre truly wasting money if youíre paying for something that you donít use. Thereís also some cheaper alternatives available when it comes to these types of services. 


Do More Yourself


While you may have relied on the luxury of a cleaning service or a landscaping service, you can cut these things out of your budget. Itís fairly simple to clean up after yourself, just set some standards with your family in order to keep the house up. As far as landscaping, you can probably do some of the mowing and raking on your own. You can still keep these services, but perhaps you want to save the maid for an every other month deep cleaning of your home. 


Other Places To Cut Expenses


Depending upon your lifestyle and needs, there are probably a few other places that you can save in your budget. These include:


  • Seeing where you can save on insurance policies
  • Finding alternatives for pet care and child care
  • Cutting back on your commuting costs by carpooling or using public transport


When you take a good look at your budget, youíll see that there are plenty of ways that you can start saving, yet still live in the home of your dreams and keep your lifestyle.




Categories: Uncategorized